MONTREAL, Nov. 7, 2013 /CNW Telbec/ - Société de développement des
entreprises minières et d'exploration II L.P. ("Sodémex") announced
that it has subscribed for 625,000 units of Goldstar Minerals Inc.
(TSXV: GDM) ("Goldstar" or the "Corporation"), at a price of CA$0.08
The general partner of Sodémex is Gestion Sodémex Inc. ("Gestion
Sodémex"). La Caisse de dépôt et placement du Québec ("la Caisse") is a
majority shareholder of Gestion Sodémex.
Each unit consists of one common share in the share capital of the
Corporation ("Common share") and one common share purchase warrant
("Warrant") of the Corporation.
Each Warrant gives the right to acquire one additional Common share of
Goldstar at an exercise price of $0.12 per common share at any time
until October 30, 2015.
The subscription was made through a private placement under the
accredited investor exemption provided by applicable securities
Taking into account the potential exercise of Warrants for Common
shares, Sodémex would hold a total of 1,250,000 common shares of
Goldstar, representing 12.54% of all such common shares issued and
outstanding on a partially diluted basis.
Sodémex may increase or decrease its interest in Goldstar based on
market conditions or other relevant factors.
This news release is issued in accordance with the early warning
requirements stipulated by securities regulation, which require that
investors issue and file a news release and a report, when they acquire
beneficial ownership of securities with voting rights that would
represent, with the securities they already hold, 10% or more of the
outstanding shares of the class.
In accordance with the Early Warning System, a copy of this news release
and the report will be filed with the applicable Canadian Securities
Administrators and will be available on SEDAR's website (www.sedar.com) and from the person referred to below.
SOURCE: Caisse de dépôt et placement du Québec
For further information:
Senior Consultant, Media Relations